Property Valuations for Estate Settlement by The Appraisal Firm
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
Part of The Appraisal Firm's company goal is to provide top-notch, ethical appraisals that attorneys can rely on. There are required needs for everyone; we comprehend these necessities and are comfortable to working with all parties involved. In our company, we are used to dealing with legal agencies in composing appraisal reports that transcend their requirements.
Contact us as soon as possible to discuss your exact estate appraisal needs and how we can put our knowledge to work for you.
Generally, settling an estate necessitates an irrefutable appraisal report to determine fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Due to this, sometimes the date of death differs from the time the appraisal is required. The Appraisal Firm assures that our appraisers are knowledgeable about the procedures and requirements requested by the IRS and CA revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, guaranteeing the fullest degree of privacy for all parties involved.
Most of the time people do not fully comprehend the necessity in having an exhaustive real estate appraisal produced in support of the numbers shown in tax documents filed with the IRS.
An accurate report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the CA agencies that the numbers used are accurate and correct.
The Appraisal Firm will provide an accurate appraisal report, which will provide an executor clear facts and figures that will meet IRS and revenue agency requirements. You need not worry over anything, because we will be there to back up our work if they are ever challenged.
One of the most necessary requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.